Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, the New York State Department of Financial Services (DFS) reports on Jan. 24.
Robinhood now has permission to trade in seven cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) — in the U.S. state of New York.
According to the DFS, Robinhood has additionally been granted a money transmission license.
The DFS has also approved a BitLicense for LibertyX, which is the first virtual currency license recipient that will allow its users to buy Bitcoin with debit cards from traditional ATMs.
With the addition of Robinhood and LibertyX, the DFS has given approval for 16 firms in the sphere of digital currencies.
This post was originally published on www.cointelegraph.com